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Economy

SEDC Announces Long-Term Development Roadmap For South-East

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SEDC Announces Long-Term Development Roadmap For South-East

SEDC Announces Long-Term Development Roadmap For South-East

SEDC announces long-term development roadmap for South-East. The managing director said that the plans were being aggregated into a policy document.

The South-East Development Commission (SEDC) has announced a long-term plan for the development of the South East states of Abia, Anambra, Ebonyi, Enugu and Imo by 2050.

The SEDC managing director, Mark Okoye disclosed this while briefing journalists on Monday in Enugu.
Mr Okoye listed the development plan for the states to include Abia; 25-year plan, Anambra 50 years, Enugu; 20 years, Ebonyi; 10 years and Imo; 15 years.

The managing director said that the plans were being aggregated into a policy document adding that it was partnering with the South-East governors and other stakeholders to address the region’s infrastructural deficit.

According to him, once that is done, it becomes the Vision 2050 document and we are not doing anything to sideline what states are doing because they are critical stakeholders.
“They are the ones closest to the grassroots. They have been in existence for 50-plus years, so their plans will be respected.”

He said that the commission would hold a two-day stakeholders forum tagged,”SEDC’s South-East Vision 2050 (SEV2050)” between Feb. 3 and Feb. 5 in Enugu.

He said the forum had as its theme: “Charting a Shared Path To Sustainable Prosperity For the South-East”.

Mr Okoye said the one of the mandates of the commission was to work closely with the state and non-state actors to develop a long-term regional development plan for the zone.

He added that they had a stakeholder engagement plan where critical stakeholders like governors, SEDC committee of the Senate, House of Representatives and ministries deliberated on how to develop and transform the South-East zone.

The managing director highlighted the importance of the forum to include creating opportunity to interact with the organised private sector to chart a way for long-term projects like railway, gas pipeline, seaport, dredging of River Niger and others in region.

SEDC Announces Long-Term Development Roadmap For South-East

SEDC Announces Long-Term Development Roadmap For South-East

He said that the stakeholder forum would entail technical sessions with conversations on various critical sectors like agriculture which would form part of policy document.

“There will be political and multi-stakeholder alignment where we have all these different stakeholder groups, plus our governors in attendance as well as financial options for the projects.

“Six weeks after that, we will deliver the first draft of the Southeast Vision 2050 plan, and then open it up for validation online so that we can get feedback, and then wrap it up,” he said.

Economy

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

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Lagos Assembly

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

Lagos assembly strongly seeks suspension of Makoko demolition. The Lagos state house of assembly has called for the suspension of demolition activities in Makoko, Oko-Agbon and Shogunro waterfront communities following protests by displaced residents and growing public concern over the exercise.

The call was announced on Tuesday by Noheem Adams, chairman of an ad hoc committee set up by Mudashiru Obasa, speaker of the house, during a stakeholders’ meeting held at the Lateef Jakande auditorium.

Adams called on all state ministries to cease demolition work and promised compensation to the affected residents.
“On behalf of the speaker and all 40 members of the house, we are directing that all demolitions in Makoko, Oko-Agbon, and Shogunro communities should stop from today until further notice,” New Telegraph quoted Adams as saying.

He called for transparency by demanding the full list of taskforce members and the criteria used for engagement, insisting that residents must be actively involved in the process.

“That the taskforce that was constituted, we want to see the list of the taskforce because we want the residents to be duly involved and to be carried along. So we want to have the schedule of those task forces and the criteria for those that we are inviting,” Adams added.

Lagos Assembly

Lagos Assembly

“To the residents of Makoko, Oko-Agbon and Shogunro communities, as your representatives, we are giving you all assurances that they will stop demolitions henceforth and there will be compensations for all those whose properties have been demolished.”

Stephen Ogundipe, member of the ad-hoc, said there is need for clear communication, adding that residents targeted for relocation or redevelopment must be informed of the government’s plans in advance.

Babatunde Olajide, special adviser to governor of Lagos on E-GIS and urban renewal, confirmed that $2 million had been earmarked since 2021 to transform Makoko into a modern, internationally compliant water city.

He said enumeration of affected properties is underway and reiterated the administration’s commitment to handling the situation with a human face, prioritizing resident safety and fair compensation.

Yusuf Sagra, baale of Makoko, described the assembly’s decision as a “word of peace,” while Orioye Ogungbure, another leader of the community, praised the “democratic responsiveness” of the government.

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Crime

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

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EFCC Probes Man

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

EFCC arrests Kannywood Star, Samha Inuwa for alleged naira mutilation in viral video. The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC,   on Tuesday, February 3, 2026  arrested a Kannywood Star, Samha Inuwa over alleged Naira mutilation.

Inuwa was arrested following a viral video circulated on social media platforms where she was seen conspicuously cleaning mucus from her nose using Naira notes.

EFCC Probes Man

EFCC

Following the release of the viral video, the Commission swung into action by tracing and subsequently arrested her to answer questions.
She is currently being held at the Commission’s detention facility while investigation is ongoing.

The suspect will be charged to court upon conclusion of investigations.

Dele Oyewale
Head,  Media & Publicity
February 3, 2026

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Economy

Access Bank Gets New Board Chair Ifeyinwa Osime

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National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Access Bank gets new board chair Ifeyinwa Osime. Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29.

Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29, according to a statement to the Nigerian Exchange Ltd. on Monday.

Ms Osime, a legal practitioner, joined Access Bank’s board in November 2019 as an independent non-executive director and had chaired its Human Resources and Sustainability Committee and the Governance, Nomination, and Remuneration Committee. This role made her contribute significantly to the bank’s corporate governance, leadership development, and sustainability initiatives.

Additionally, Ms Osime is a director at Ebudo Trust Ltd. and a partner at McPherson Legal Practitioners, where she advises on corporate and commercial matters and contributes to strategic leadership.

She is also a member of the Nigerian Bar Association, the Women Corporate Directors, Nigeria Chapter, and the Chartered Institute of Directors, Nigeria, where she serves on the Executive Committee of the Women Sectoral Group.

National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Beyond her professional responsibilities, Ms Osime is committed to mentoring youths and is actively involved in the Autism and Developmental Delays Support Community, reflecting her dedication to inclusion and social impact.
Speaking on her appointment, the group chairman, Aigboje Aig-lmoukhuede, said, “Mrs Osime is a principled and experienced leader with a deep understanding of the Bank’s strategy and values.

“She has demonstrated strong commitment to the bank’s vision and mission, and I am confident that, under her leadership, the bank will continue to advance its strategic objectives of delivering sustainable value to shareholders and other stakeholders in the pursuit of its vision to become the world’s most respected African bank.”

Mr Aig-lmoukhuede also congratulated Mr Usoro on the completion of his tenure and on his exemplary leadership, dedication, and significant contributions to the group, saying he remains a valued member of the Access family.

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